What’s so difficult about building a successful startup?
What’s so difficult about building a successful startup?
There was a time when I had around three different ideas which never moved out of conceptualization stage and today I find at least two of them being amongst the top startups in India. And the only reason I see when I look back is I never had the desire, intent to make them a hit – I never believed in myself and more importantly on my idea. I would also like to add that here the team that founder puts together is also extremely important. An individual can never been enough to build an organization and hence his management team holds the key for success. That’s when you start growing; you got to keep it in mind.
One major mistake that founders make in building team is by hiring people he or she likes. You are not marrying or sleeping with some one. You are building an organization and two people who cant fight, argue and create a feeling of discomfort at times amongst each other, can never take a startup to next level. So getting people who have studies together and had drinks when they were in college wouldn’t necessarily help. Now, I am not saying getting people whom you know wouldn’t work but what I am saying is not hire and get people in key positions just based on your liking – decide on the roles they can perform and add value.
I cant control but also write that over past few years I have seen and realized by myself that three key people makes the best combination, four is ok but anything above four and you are bound to be in trouble. The responsibility matrix will have too many stake holders passing the baton & no executer.
Lastly, if you have decided to go for entrepreneurship make sure you don’t look back until you achieve your mission. So if you plan to replace words in dictionary, do that and don’t stop until you do that, much like the mission of creADivity which aims to replace creativity from dictionary with creADivity & is well on path by winning TiE Entrepreneurship Award.
Go for it!
Whats so difficult about building a successful startup - To learn more about this author, visit Manik Kinra's Website.
Like this article? Share it with your friends
I have been involved in two startups and around three other trials where I failed to even reach the stage of operation. There have been many people around who have given extremely hi-end reasons for a failure of a startup, reasons starting from the concept to the intent. But I have seen and realized that success or failure of a startup depends only on the effort, passion, desire and intent of the founder (& his team). There have been innumerable instances of startups which are exactly similar to so many already existing ventures but have still been able to create a market for themselves.
There was a time when I had around three different ideas which never moved out of conceptualization stage and today I find at least two of them being amongst the top startups in India. And the only reason I see when I look back is I never had the desire, intent to make them a hit – I never believed in myself and more importantly on my idea. I would also like to add that here the team that founder puts together is also extremely important. An individual can never been enough to build an organization and hence his management team holds the key for success. That’s when you start growing; you got to keep it in mind.
One major mistake that founders make in building team is by hiring people he or she likes. You are not marrying or sleeping with some one. You are building an organization and two people who cant fight, argue and create a feeling of discomfort at times amongst each other, can never take a startup to next level. So getting people who have studies together and had drinks when they were in college wouldn’t necessarily help. Now, I am not saying getting people whom you know wouldn’t work but what I am saying is not hire and get people in key positions just based on your liking – decide on the roles they can perform and add value.
I cant control but also write that over past few years I have seen and realized by myself that three key people makes the best combination, four is ok but anything above four and you are bound to be in trouble. The responsibility matrix will have too many stake holders passing the baton & no executer.
Lastly, if you have decided to go for entrepreneurship make sure you don’t look back until you achieve your mission. So if you plan to replace words in dictionary, do that and don’t stop until you do that, much like the mission of creADivity which aims to replace creativity from dictionary with creADivity & is well on path by winning TiE Entrepreneurship Award.
Go for it!
Whats so difficult about building a successful startup - To learn more about this author, visit Manik Kinra's Website.
Like this article? Share it with your friends
 | |
 |
No article feedback found. |
| |
Leave Your Feedback |
 | |
| |||
Joe DagerJoe Dager is President of Business901, a progressive coaching company providing no-nonsense direction in areas such as Lean Six Sigma Marketing and organized referral marketing. What others say: In the past 20 years, Joe and I have collaborated on many difficult issues. Joe’s ability to combine his expertise with “out of the box” thinking is unsurpassed. He has always delivered quickly, cost effectively and with ingenuity. A brilliant mind that is always a pleasure to work with.” - James R. If you want to learn more about Business901, start a conversation with us. We can be found @ Web/Blog: Business901.com Web/Blog: FundingYourNonprofit.com LinkedIn Profile Follow me on Twitter - Visit Joe Dager's Website |
|||
Anne BarrAnne Barr has over 26 years experience in sales and marketing, six years as a franchisee. She has assisted over 367 business owners and purchasers to achieve their goals in career change, transition and exit strategy. She holds the designation of Certified Franchise Executive from the International Franchise Association, Certified Business Intermediary from the International Business Brokers Association and Board Certified Broker from the Texas Association of Business Brokers. Anne is active in professional organizations, networking groups and volunteers for non-profit entities. As owner/operator of four successful businesses, Anne has proven people skills and enjoys helping clients find the right "fit" in business ownership. Visit www.FranchiseOpportunitySpecialist.com for more information about me and my company. - Visit Anne Barr's Website |
|||
Kim CastleWith nearly two decades in the advertising and design business, with clients like Domino's Pizza, General Motors, Direct TV, Pedigree, Wolfgang Puck, Higher Octave Music, Hollywood Celebrity Products, Disney, and Paramount, as well as thousands of entrepreneurs around the world define, structure, communicate, and position their business for greater profits, BrandU(R) co-creators Kim Castle and W. Vito Montone discovered that entrepreneurs could experience the same power that big brands command for a fraction of the cost with the world's only process-based results-drive Integral approach to business creation. BrandU(R) is helping entrepreneurs grow with the power of extreme clarity from idea...to brand...to market(TM) and helping one million entrepreneurs become successful and whole so that they can make a difference in the world. Are you one of them? If you want to experience clarity all the way to the bank(TM), get started now at http://www.brandu.com. - Visit Kim Castle's Website |
|||
Jeff FosterWebBizIdeas.com is a Minneapolis website design company founded to help people start an internet business by providing them with website, business, and internet resources that help foster the growth of successful online businesses and develop innovative Internet business ideas. We specialize in internet consulting & internet marketing. - Visit Jeff Foster's Website |
|||
Stephanie RobeyStephanie Robey is President and CoFounder of Pivot Positive, LLC - an Internet marketing business focused on helping people start work at home ventures. Previously, she was employed at The Search Agency with over 20 years experience in graphic design and 10 years experience in online marketing. She was responsible for launching the Conversion Path Optimization (CPO) unit where she and her team have conducted hundreds of optimization tests for online companies across multiple verticals. She is a successful entrepreneur having started and sold 2 companies and remains on the board of directors of the third, PhotoSpin.com Stephanie began her career in the direct marketing realm creating and producing direct mail for many of the major cable television companies and directly attributes her understanding of Internet marketing to those early offline experiences. Stephanie is a graduate of San Diego State University with a BFA in Graphic Arts and also holds an Executive MBA from the Graziadio School of Business and Management at Pepperdine University. Read Steph's Blog Meet Steph and Dave Sign up for our Free 7-Day BootCamp: Self Employed & Rich - Visit Stephanie Robey's Website |
|||
|
To learn more about the Evan Elite Author Program please contact us. | |||
 | |
|  |
Subscribe to Manik's articles
 | |
|
|  |
 | |
|
| |
 | |||||||
|
 | ||
 |
||
 |
||
|
||
|
| ||
 |
| Have you written articles that would be of value to entrepreneurs? Become an expert on our site by publishing them! Expose yourself to a wide audience, drive more traffic to your website and get more sales! Click Here for details. |
|
|
 |
| Modeling the Masters: Learn the true secrets behind Walt Disney's business success factors & grow your company! Video produced by Phanta Media |
|
|
 |
"Learn straight from Evan how you can Make a Full Time Income (And More) from a Website"
Click Here To Learn More |
|
|
|
|
Get advice & tips from famous business owners, new articles by entrepreneur experts, my latest website updates, & special sneak peaks at what's to come!
|
|
|
 Campaigns to Customers Positive Thinking New Sales Leadership Paradigm One Size Success Business Plan Sample |
|
 | ||
 |
Top 50 SEO Posts - 2008
Top SEO Posts of the Year | |
 |
The Top 10 ProBlogger Posts
Best Posts for Bloggers | |
| ||
 | ||||
| ||||
|
| ||||
| ||||
|
|
|
|
|
||||||||||||
|
Email us your ideas on how to make our website more valuable! Thank you Sharon from Toronto Salsa Lessons / Classes for your suggestions to make the newsletter look like the website and profile younger entrepreneurs like Jennifer Lopez and Sean Combs!
|
|
|
| ||||||||||||
| ||||||||||||
|
|
||||||||||||